facebookHi. What are some ways/platforms to purchase individual stocks/shares on regular basis rather than etf or trading of individual stocks/shares which requires regular monitoring to buy and sell.? - Seedly
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Anonymous

13 Jan 2020

Hi. What are some ways/platforms to purchase individual stocks/shares on regular basis rather than etf or trading of individual stocks/shares which requires regular monitoring to buy and sell.?

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    What are your thoughts?

    Elijah Lee

    Elijah Lee

    13 Jan 2020

    Level 17ยทIndependent Financial Advisor at Phillip Securities (Jurong East)

    Hi anon,

    You will want to look at various RSP programmes out there, such as

    • OCBC BCIP

    • POEMS SBP

    However, it is really cost ineffective to do so if your investment amount is not sufficient; handling fees, minimum brokerages and the like will eat into your returns and cause your portfolio to suffer. If I have already analyze the stock and know what I want to invest it, it will be a matter of waiting for the right price and buying it there and then.

    If you aren't able to monitor (perhaps due to work or other commitments), then RSP will be better than doing nothing.

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      Billy Ko

      Billy Ko

      13 Jan 2020

      Level 10ยทFinancial Analyst at REPE Firm

      Similar to what I replied to the other post here -- https://seedly.sg/questions/dear-all-what-are-your-thoughts-on-purchasing-regular-savings-plan-of-individual-shares-only-like-dbs-or-singtel-shares-rather-than-rsp-of-sti-etf-which-is-highly-recommended-on-this-platform

      You may apply RSP on stocks via the following 2 brokers:

      OCBC - https://www.ocbc.com/personal-banking/investments/bluechip.html

      Phillips Share Builders Plan - https://www.poems.com.sg/docs/SBP-Infosheet.pdf

      That being said, I'm really curious on your motivation of applying DCA on a particular counter as opposed to buy and hold / sell. DCA's for ETFs are spread over a basket of stock but if you've done your homework on a particular stock, what's holding you back from simply purchasing it at a particular price?

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        Hey there! You can consider to look at Regular Savings Plan (RSP) or Blue Chip Investment Plan (BCIP...

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